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Acting for West Kredit before the Latvian Constitutional Court regarding a corporate income tax surcharge and how it is calculated
Sorainen is representing consumer lender West Kredit before the Constitutional Court regarding a new corporate income tax surcharge. As of 1 January this year, a new Latvian law has obliged consumer lenders to pay a surcharge of 20% of the previous year’s profits on top of corporate income tax (CIT). The legislator argues that consumer […]
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Representing 4finance before the Latvian Constitutional Court regarding a corporate income tax surcharge on flow-through dividends
Sorainen is representing the consumer credit service provider 4finance before the Constitutional Court in a dispute with the legislator regarding the procedure for calculating and paying the new enterprise income tax (EIT) surcharge. As of 1 January this year, the legislator has obliged consumer credit service providers to pay an EIT surcharge of 20% of […]
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Patria opens an armoured vehicle production facility in Latvia
We assisted Patria, a company owned by the Finnish and Norwegian states, an international provider of defence, security and aviation life-cycle support services, technology solutions and pilot training, in opening a new armoured vehicle production facility in Valmiera, Latvia. About project We have been a part of the project from the very beginning, and helped […]
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Successful representation of PlusPlus Baltic during civil proceedings before courts of all three instances
Our Dispute Resolution team successfully represented our client PlusPlus Baltic, the biggest pan-Baltic receivables management company’s branch in Latvia, in a civil dispute over the recovery of unjustly withheld funds and statutory interest before courts of all three instances. The merits of the case In the case, the opponent claimed damages and contractual penalties against […]
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Defending a level playing field for wind power developers at the Constitutional Court
Our firm is acting for several wind power developers against the Latvian government, which passed a law reserving 10% of state forests for the state-owned Latvenergo to develop wind farms there. The state forests had not been available for any renewables development and the opening of market was viewed favourably by the industry as that […]